Batteries to Rival Gas Peaker Plants by 2016, A123 CEO Says
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Falling prices for lithium-ion batteries will make power-storage systems competitive with natural gas as a source of electricity during periods of high demand by 2016, according to the chief executive officer of A123 Systems Inc.
“In general, batteries will come down by about half in price from 2010 to 2015,” David Vieau said yesterday in a telephone interview. Waltham, Massachusetts-based A123 has shipped more than 90 megawatts of battery systems that utilities use instead of gas-fired peaker plants.